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Via unfccc.int |
- A second commitment period for the Kyoto Protocol. However, fewer countries are participating, and they have only agreed to reduce their overall emissions by at least 18% below 1990 levels in the eight year period (2013-2020). Participating countries represent less than 15% of global greenhouse gas emissions, and the emissions reduction commitments are insufficient to keep global warming below the 2C limit;
- Agreement to consider the creation of an international mechanism for loss and damage from extreme weather and slow onset climate impacts in developing countries;
- The need for a plan for long-term finance was reiterated. However, no firm commitments on scaling up finance towards the agreed US$ 100 billion a year were forthcoming. Climate finance pledges amounting to approximately US$ 10 billion were made by some European countries;
- Developed countries were urged to increase the ambition of their emission reduction targets and a work programme will be established to clarify pledges.